How Iron Mountain Incorporated (IRM) Is Doing Technically?

The stock of Iron Mountain Incorporated (NYSE:IRM) increased by $1.11 on Tuesday to finish at $53.48, up 2.12 percent. The last five days have seen an average of 1,236,860 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $3.63. The average number of shares traded over the last 20 days was 1,343,085, while the average volume over the last 50 days totaled 1,535,588.

IRM stock appreciated 4.19% since last month. On 03/24/23, the company’s shares reached a one-month low of $48.94. The stock touched a high of $58.46 on 02/02/23, after rallying from a low of $43.32 in 52 weeks. The price of IRM stock has risen by 7.28% or $3.63 this year, reaching a new high 10 times. Still, the stock price is down -8.52% from the 52-week high.

Insider Transactions

IRM stock investors should be aware that Iron Mountain Incorporated (IRM) stock had its last reported insider trading activity 34 days ago on Mar 09. On Mar 09, President and CEO Meaney William L sold 11,760 shares at $52.65 each. This transaction resulted in the insider making $619,164. On Mar 08, MARSON DEBORAH sold 1,125 shares at a price of US$53.72. After the transaction, the insider now owns 63,151 shares. President and CEO Meaney William L had earlier sold 21,219 shares on Mar 02 for $52.28 a share. The transaction was completed for $1,109,329.

Valuation Metrics

Iron Mountain Incorporated (IRM) has a trailing price-to-earnings (P/E) ratio of 28.07. Beta for the stock is 0.94. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.01, the price-to-book (PB) ratio of 24.42.

Company paid $0.6185 per share in dividends, an increase of 0.08% from $0.6180 last year. A $0.0005 dividend increase was reported on Thursday February 23 2023.

Financial Health

For the three months ended December 30, Iron Mountain Incorporated’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending December 30 is 16.46, and the total debt to equity ratio is 16.60. As far as profitability goes, gross margin for the trailing twelve months is 68.40% percent. Iron Mountain Incorporated’s operating margin stood at 20.60% for the same period. Based on annual data, it had gross profit of $2.91 billion and revenue of $5.1 billion.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. IRM’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 8.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 86.70%.

Earnings Surprise

According to Iron Mountain Incorporated’s quarterly financial report for the quarter that ended December 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.29 billion, while revenues rose by 12.18% to $1.29 billion. It was predicted that Iron Mountain Incorporated’s quarterly earnings would be $0.43, but it ended up being $0.44, beating the consensus by -2.30%. EBITDA was $443.36 million for the quarter. At the end of Iron Mountain Incorporated’s most recent quarter ended December 30, its liabilities totaled 15.5 billion, while its total debt was $13.29 billion. Equity owned by shareholders amounts to $290.9 million.

Technical Picture

Here’s a quick look at Iron Mountain Incorporated’s (IRM) price momentum from a technical perspective. As of 11 April, the RSI 9-day stood at 63.56%, suggesting the stock is Neutral, with a 20.41% historical volatility rate.

The stochastic %K and %D were 80.98% and 74.64% respectively, while the average true range (ATR) was 1.18. Based on the 14-day stochastic reading of 93.61%, the RSI (14) reading is 58.18%. On the 9-day MACD Oscillator, the stock is at 0.38, and the 14-day reading is at 1.18.

Analyst Ratings

In its analyst report released on December 16, 2022, RBC Capital Mkts began covering Iron Mountain Incorporated (NYSE: IRM). The stock was rated as a Sector perform by the brokerage firm. Analysts have assigned Iron Mountain Incorporated (IRM) an Overweight rating. IRM is a stock that is recommended for selling by 1 brokerage firm, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.

What is IRM’s price target for the next 12 months?

The current consensus forecast for the stock is between $20.00 and $68.00, with a median target price of $59.00. In analyzing these forecasts, the average price target given by analysts for Iron Mountain Incorporated (IRM) is $56.00.

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